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原文:+ X1 C# e- {2 r, ^$ r3 s5 M
IMPORTANT POINTS TO REMEMBER IN FORECASTING! k0 x% u$ h$ M' v% x
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TIME is the most important factor of all, and not until sufficient time has expired does any T. w4 Y8 H& b* d8 v7 u1 g
big move up or down, start. The Time factor will overbalance both Space and Volume. " C0 O0 | S: |' `: @0 t% A
When Time is up, space movement will start and big volume will begin, either up or down.
# ?( B' J L) w, E$ f0 {At the end of any big movement – with monthly, weekly, or daily – Time, must be allowed
! G9 j2 R) D. c4 `: T; Z! Ufor accumulation or distribution.3 k7 w/ h( o: o% w4 p1 Z
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Consider each individual stock and determine its trend from its position, according to distance
5 j* Q7 ~5 c% p. n8 P4 A# o' }( ein time from bottom or top. Each stock works out its 1, 2, 3, 5, 7, 10, 15, 20, 30, 50 and 60-0 L6 T# y5 U0 R, c+ [* ]% `
year cycles from its own base or bottoms and tops, regardless of the movements of other
: \& c$ \ S5 t/ Ystocks, even those in the same group. Therefore, judge each stock individually and keep up
/ u& h, c( _3 C! V8 ]$ Iweekly and monthly charts on them." s8 ]/ C5 B2 F: o+ N+ O2 D( D
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Never decide that the main trend has changed one way or the other without consulting the 6 }& @: ?. ?) A* f
angles from top or bottom and without considering the position of the market and cycle of 2 X& B% w. X; W4 z4 O
each individual stock.
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Always consider the annual forecast and whether the big time limit has run out or not before
$ O) _7 T7 `9 x, I( Ijudging a reverse move. Do not fail to consider the indications on Time, both from main tops 3 T2 i" @4 f! N7 R4 r) H0 m% Y4 }
and bottoms, also Volume of Sales and position on Geometrical Angles.# e5 d5 j% d" ~$ f
( P& t( L7 a, w, X: E# [' _A daily chart gives the first short change, which may run for 7 to 10 days; the Weekly Chart 7 Z2 j. p7 l2 k8 r8 K2 G4 c. Y0 ~( j& Y. T
gives the next important change in trend; and the Monthly the strongest. Remember, weekly, g% \# K$ n2 A' E9 S; |
moves run 3 to 7 weeks, monthly moves 2 to 3 months or more, according to the yearly cycle, + [7 `: Z! J( ]
before reversing.
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. g/ u. x& I8 z" T _Yearly bottoms and tops: it is important to know whether a stock is making higher or lower 8 N$ k. _/ H8 G2 l% `
bottoms each year. For instance, if a stock has made a higher bottom each year for five years,
1 B( I# N7 g4 p$ zthen makes a lower bottom than the previous year, it is a sign of reversal and may mark a long
! M1 X; t9 X; s; I9 {9 V) I+ ndown cycle. The same rule applies when stocks are making lower tops for a number of years
6 f) `/ [3 l$ K; Fin a bear market.
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' N# j, v( d. c8 MWhen extreme advances or declines occur, the first time the market reverses over 1/4 to 1/2 of
8 Y* [+ d: d& C; m5 gthe distance covered in the previous movement, you consider that the trend has changed, at
' x. {( E+ e* R0 w* T* ?least temporarily.& ]+ `- V' G0 r$ |5 L, ]
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It is important to watch space movements. When Time is running out one way or the other,
! K6 ~* |" k) q8 z7 N- @space movements will show a reversal by breaking back over 1/4, 1/3 or 1/2 of the distance of " h9 `7 Q! G& L4 ~- g) B! F- R
the last move from extreme low to extreme high, which indicates that the main trend has
y* c1 P* `: n& S* `% `, Wchanged.
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Study all the instructions and rules that I have given you; read them over several times, as
8 V! r* i( V. {4 d' j3 S# neach time they will become clearer to you. Study the charts and work out the rules in actual
% V- f; P* _' m* J. j1 @# h- Kpractice as well as on past performance. In this way, you will make progress and will realize
% |3 G7 `. k# R. qand appreciate the value of my Method of Forecasting.
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